Article

Entitlement Programs, Retirement-Related Policies, and Governmental Politics

Marilyn Moon

in The Oxford Handbook of Work and Aging

Published in print March 2012 | ISBN: 9780195385052
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195385052.013.0202

Series: Oxford Library of Psychology

 Entitlement Programs, Retirement-Related Policies, and Governmental Politics

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The retirement-related entitlement programs—Medicare, Medicaid, Social Security, and Supplemental Security Income—have substantially reduced poverty and enhanced the independence of older Americans. They play a key role in meeting financial needs in retirement and should be a stable part of individuals’ plans for their retirement years. However, fiscal pressures arising from high levels of overall government deficit spending and the rapid growth in spending on these particular programs make them vulnerable to policy changes. Medicare is the most likely candidate for substantial change because of its size and rate of growth, reflecting high healthcare costs in the United States. As yet, however, there is little consensus on how to bring about such changes, nor on the appropriate order of magnitude of any reductions in spending.

Keywords: entitlement programs; Social Security; Medicare

Article.  10669 words. 

Subjects: Psychology ; Organizational Psychology

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